Commerce Commission sets December deadline on Chorus copper pricing; shares jump

Fri, 28 Mar 2014

March 28 (BusinessDesk) - The Commerce Commission plans to determine a final price for what Chorus can charge users of its copper line services by Dec. 1. The shares gained 4.6 percent, making it the best performing stock on the benchmark NZX 50 Index today. The regulator will conduct the final pricing principle for Chorus’s unbundled bitstream access and unbundled copper local loop services by December, when the telecommunications network operator is expected to adhere to the new regulated prices initially set by using international comparis...

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